NATIONAL AUSTRALIA BANK CHIEF FRANK CICUTTO SPEAKS AT MEDIA CONFERENCE IN SYDNEY, 2001-11-08 (photo)

Frank Cicutto, Managing Director and Chief Executive Officer of National Australia Bank, speaks in front of a video screen at a media conference in Sydney November 8, 2001. Cicutto announced an increase in net profit for Australia's biggest bank for the year to September 30 of 19 percent to A$4.02 billion ($2.01 billion) on an accounting basis, and 13 percent to A$3.64 billion ($1.82 billion) on a cash basis. However, including the previously reported $2.2 billion writedown on its U.S.-based mortgage servicing unit Homeside Lending Inc, net profit fell 36 percent to A$2.08 billion ($1.04 billion). REUTERS/David Gray DG/JD